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Cardano (ADA) Currently Disabled on Coinbase -Breaking

by Mike Robinson

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Cardano (ADA), currently disabled on Coinbase

Coinbase has problems with its transactions. Since January 7, Coinbase has been unable to process transactions and customers have not been able to send or receive ADA. The company is working diligently on resolving the issue.

It took 2 days to investigate the problem and Coinbase developers (NASDAQ:), have been searching for the root cause since January 9th at 8 p.m. PST.

Cardano just updated the trezor connect dependency. These changes could have created problems for Coinbase. Cardano made the following announcements:

“The team […] worked on receiver address validation to prevent users from sending ada to rewards addresses, performed a cardano-node and wallet backend version update, and upgraded packages.”
At this moment, Cardano looks bearish at $1.16, yet experts predict “a swift recovery will lead to a 20% gain, propelling ADA to $1.42.”

To The Flipside

  • Coinbase keeps all funds safe, even if transactions are blocked.
  • Customers are being redirected to Coinbase because of technical problems ResignationUse the platform to search other cryptocurrency exchange platforms.

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